A perfect BO
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DislikedGPB/CHF - long, but stopped out in trailing stop.
USD/CHF - long but stopped out at BE
EUR/CHF - long, skipped because of the other 2 order above already took (CHF in the role)
[size=3][font=Comic Sans MS][color=blue]LG, I would like to know how do you manage your trades? Do you trail your stops when you are in some profit? I'm having difficulties in finding the...Ignored
DislikedI do not trail my stops because sooner or later they seem to always get hit. I rarely set a stop for the same reason..they seem to always get hit unless they are around 100 pips away which I often use as a stop, when I set one. I do not recommend this to others, however.
I never look at R:R and will set a 100 pip SL looking for 30-40 pips. However, I will never allow myself to take a 100 pip loss on an H1 BO. What I have found is that often, like today, most "reasonable" stops would have been taken out only to have PA then go in the desired...Ignored
DislikedI do not trail my stops because sooner or later they seem to always get hit....Ignored
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I will always take the short trade, as I much prefer shorts to longs. Not sure why, but they are more profitable for me.Ignored
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DislikedInteresting what you say about long and short trades. For the small moves we are talking about, it probably doesn't make any difference. But in the broad picture, longs should be easier than shorts. Let's say a pair starts at parity, say USDCAD. From the perspective of the real economic players, a move to 2.00 is the same as the move to .50. Each move makes one currency worth twice as much as the other.
That means there is always a little less fundamental pressure on a long move than a short. But as I said, it probably makes no difference to...Ignored